New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-04-11
ROADWAY ELEVATED ROAD.
EDMUND C. briggs FAYORS 1T AND TELLS
WHY.
FACTS AND FIGUREs-THE PROBABLE EFFECT of
THE ROAD ON BROADWAY PROPERTY.

FACTS AND FIGUREs-THE PROBABLE EFFECT Or
TIE ROAD ON BROADWAY PROPERTY.
Edmund c. briggs the president OF inc Williams
burg City Fire Insurance Company "ho'o go.
broadway and Liberty-st..- and prominent. Dro"u""y
property-owner, was chosen chairman Vi 'ho "'
Committee Of tho Broadway proper'yo"no''
thew erst organized themselves to oppose the Arcaue
ponwov Company's project for an underground rdii
rood IN broadway He resigned the position oecaus.
=, roor health and william Waldorf Astor succeonc'
him Mr. briggs ia not only well known III .his '.,
but is especially in Brooklyn wnero nc a"
wh.ro he was ono of the Rapid Transit commas
who laid out the elevated railroad routes OF Una. Guy
Mr.. briggs said yesterday tha' nc ~ % s,v.
elevated railroad in Broadway He went Oh W "a.
"At nresent wo are fighting the Arcade. AI'er VIC
,,rn Killed that of it will be time enough W '.
oho,t nm elevated road Yes, believe tha' al. gay
1-,tea road would be q good thing for Broad"a y'
although 1t would run directly past nv wn
fon tho first foorl, and will tell you why -.
awhen was sitting on the brooklyn Rap'o liah7 ,
49, 49,. toor nm tie subject OF elevated FALL
-. T., oil ,ts phases and ramifications' VIVA. w"'
with doing at all thought worth doing we'll " ."o
g.. ,,.ce the subject Of an elevated rahroau w
Fu,ton-st our principal business strcc'' o'"o $50
ss .h,,b NV associates. would have favored the
road Int for the reason that the company poio
TO nut two rows of pillars In the stree.s ,. 49,
hon willing TO pace these ut the curb shou'u pa
,.,orod the Man Tho rropertyowners OF broo"'yn
in
wished the road. They are eiad 10 haN0 4" VI
r,,,ton-st ~ II ia to DO built now.
ain the next place. we thoroughly cohs'u'icu W
o. ~ tho elevated railroads upon ahuttine propoy
For this nurpose we studied the matter III i'7
4, rh,rd and Sixth ayes. in this city you WIN 10
srrnr,sed at the results. but had IA shro"o '"'
go "a taon n bus,ncss man associated with me a. a'c
20 he found in New-York and BrooRiyh' nhu so
- nat r am talking about We dsrovered' hr7''
60. Tor the first year after the elevated roaas WI
hui,t in New-York abuttng property along 'no '"""
"a ctr.h oves routes denrcciatcd Thon 1t began "
80 nm urtil a. the end Of the fonrth year "'t'r
Tho roads had been in operation the increase VI wv
,,e ~ nropery along those routes was-what oo Sou
supposed"
rrhe reporter was at sea for an answer
AFT was 20 OOOOOO And tn" increase In tho YAM
~ property in the whole city OF New-fork mean'"'
- or,, 400 ooO 600 in round figures so that you ger
~ much larger the ratio OF increase along The rou'c
OF the elevated roads was.
uput there ia another Important and peculiar iac
- ,,o matter n has generally been supposed ina. INC
aoto, mart % the increase In property value along
h.so rontes was in Harlem and the upper parts OF ,n
citv Not 40: tho majority Of the percentage OF IN
.,n,s. uas nm property below Fourcenth-st' Ihe
and thc oc,al figures show this. We had all inc
ecords ~ the assessors Office, and this was tho re'
OF our Investigations.
.Fo, this reason. judging from snch exact am -
,,o,,o data ace no other conclusion than that a
mere matter OF business an elevated rahroad ~
pro.e,r,v vould 40 far from injur ng. beneht prop
ertv along tbe street put elevated roah j. w v"
.n.a 90 later IT should certainly havo ns riiiar'
=. o.. curh But there Is time enough to tax Oh
plans"